VocaLink announces integration of OneVu’s EBPP service

As it became known, VocaLink acquired joint venture partner Fiserv to take complete ownership of electronic bill presentment and payment (EBPP) specialist OneVu, designed to enable UK consumers to view, track and pay bills within their usual online banking service. However, the financial details have not been unveiled. 

Miles Quitmann, the managing director of OneVu is quitting the company. So, OneVu will be integrated into VocaLink's service portfolio under Fred Bar, MD, euro services.

OneVu’s currently claiming 280 million bills under management, used by Lloyds Banking Group and Royal Bank of Scotland, as well as several large corporate.

As VocaLink CEO Marion King believes, by integrating OneVu into VocaLink, the company can deliver greater efficiency to its banking customers and expand its retail service.